A costing framework for fusion power plants
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arXiv
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| Format: | Preprint |
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2026
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| _version_ | 1866918316960907264 |
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| author | Woodruff, Simon |
| author_facet | Woodruff, Simon |
| contents | This paper summarizes and consolidates fusion power-plant costing work performed in support of ARPA-E from 2017 through 2024, and documents the evolution of the associated analysis framework from early capital-cost-focused studies to a standards-aligned, auditable costing capability. Early efforts applied ARIES-style cost-scaling relations to generate Nth-of-a-kind (NOAK) estimates and were calibrated through a pilot study with Bechtel and Decysive Systems to benchmark balance-of-plant (BOP) costs and validate plant-level reasonableness from an engineering, procurement, and construction (EPC) perspective. Subsequent work, informed by Lucid Catalyst studies of nuclear cost drivers, expanded the methodology to treat indirect costs explicitly and to evaluate cost-reduction pathways for non-fusion-island systems through design-for-cost practices, modularization, centralized manufacturing, and learning. As ARPA-E's fusion portfolio expanded, these methods were applied across BETHE and GAMOW concepts (and select ALPHA revisits), including enhanced treatment of tritium handling and plant integration supported by Princeton/PPPL expertise. In 2023 the capability was refactored to align with the IAEA-GEN-IV EMWG-EPRI code-of-accounts lineage, while key ARIES-derived scaling relations were replaced by bottom-up subsystem models for dominant fusion cost drivers (e.g., magnets, lasers, power supplies, and power-core components) coupled to physics-informed power balances and engineering-constrained radial builds. These developments were implemented in the spreadsheet-based Fusion Economics code (FECONs) and released as an open-source Python framework (pyFECONs), providing a transparent mapping from subsystem estimates to standardized accounts and a consistent computation of LCOE. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2601_21724 |
| institution | arXiv |
| publishDate | 2026 |
| record_format | arxiv |
| spellingShingle | A costing framework for fusion power plants Woodruff, Simon Physics and Society Software Engineering This paper summarizes and consolidates fusion power-plant costing work performed in support of ARPA-E from 2017 through 2024, and documents the evolution of the associated analysis framework from early capital-cost-focused studies to a standards-aligned, auditable costing capability. Early efforts applied ARIES-style cost-scaling relations to generate Nth-of-a-kind (NOAK) estimates and were calibrated through a pilot study with Bechtel and Decysive Systems to benchmark balance-of-plant (BOP) costs and validate plant-level reasonableness from an engineering, procurement, and construction (EPC) perspective. Subsequent work, informed by Lucid Catalyst studies of nuclear cost drivers, expanded the methodology to treat indirect costs explicitly and to evaluate cost-reduction pathways for non-fusion-island systems through design-for-cost practices, modularization, centralized manufacturing, and learning. As ARPA-E's fusion portfolio expanded, these methods were applied across BETHE and GAMOW concepts (and select ALPHA revisits), including enhanced treatment of tritium handling and plant integration supported by Princeton/PPPL expertise. In 2023 the capability was refactored to align with the IAEA-GEN-IV EMWG-EPRI code-of-accounts lineage, while key ARIES-derived scaling relations were replaced by bottom-up subsystem models for dominant fusion cost drivers (e.g., magnets, lasers, power supplies, and power-core components) coupled to physics-informed power balances and engineering-constrained radial builds. These developments were implemented in the spreadsheet-based Fusion Economics code (FECONs) and released as an open-source Python framework (pyFECONs), providing a transparent mapping from subsystem estimates to standardized accounts and a consistent computation of LCOE. |
| title | A costing framework for fusion power plants |
| topic | Physics and Society Software Engineering |
| url | https://arxiv.org/abs/2601.21724 |